Course Details
Country:
Germany
Institution:
Goethe - University Frankfurt
Course Title:
Experimental Game Theory
Course Number:
WPEM:EXPG
Course Description:
The Nobel Prize to Daniel Kahneman and Vernon Smith in 2002 documents the importance of experimental methods in economics, finance, and management research. Experiments provide a powerful tool to collect data in a highly controlled environment. They are conducted in many fields like decision theory, strategy, labor economics, as well as organizational and behavioral economics. This course offers an introduction to experimental economic methods using game theory as a common language to analyze economic interaction and derive theoretical predictions. The main focus will be on classic lab experiments, but we will also discuss how similar kind of experiments can be conducted in the field. We will learn key experimental methods and we will talk about economic areas where experiments have been performed. The primary aim of this course is to make students familiar with important experimental work and to give practical advice how to perform an experiment. For this aim,
Language:
English
Approved Equivalent:
ECON 3--
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